subsequent entry plays a primary role in generating turbulence in high growth markets, while displacement of incumbents by recent … entrants is the main selection force in declining markets. As product life cycles progress, trial-and-error entry subsides, and …

1992): (H1) Firms that exit in year t were in t-1 less productive than firms that continue to produce in t. (H2) Firms that … enter in year t are less productive than incumbent firms in year t. (H3) Surviving firms from an entry cohort were more …

time effects. All countries display a massive reallocation of resources, with the entry and exit of many firms in all … market contestability. There are also large differences across groups of countries. While entry and exit rates are fairly … markets, the failure of many newcomers and the expansion of successful ones. This process of creative destruction affects …

Firm turnover has recently attracted increased interest in economic research. The entry of new firms increases … entry usually leads to increased innovation. The health care market exhibits important differences as compared to other … markets, including various forms of market failure and, as a consequence, extensive market regulation. Thus, the economic …

evidence for a prolonged positive exit effect that mirrors market selection during the early stages of firms'; lifecycle. This … effect is tightly related to the negative initial productivity effect of entry. We also find some evidence that productivity …

time effects. All countries display a massive reallocation of resources, with the entry and exit of many firms in all … market contestability. There are also large differences across groups of countries. While entry and exit rates are fairly … markets, the failure of many newcomers and the expansion of successful ones. This process of creative destruction affects …